The most important function of the Bank of Canada is implementing which of the following policies?

Question

Quizplus · Accepted Answer

The Bank of Canada's most important function is to implement monetary policy, which involves managing the money supply and interest rates to achieve low and stable inflation. This is important for ensuring a stable and healthy economy. The other options (fiscal policy, tax policy, and spending policy) are the responsibility of the federal government, not the Bank of Canada.

The Most Important Function of the Bank of Canada Is